• Article 1 General Provisions.
    • Section 5-17-1 "Credit union" defined.
    • Section 5-17-2 Procedure for organization and incorporation.
    • Section 5-17-3 Use of words "credit union" in name or title.
    • Section 5-17-4 Powers generally.
    • Section 5-17-5 Membership.
    • Section 5-17-6 Withdrawal of members; expulsion for cause; termination of membership; readmission.
    • Section 5-17-7 Operating fees; fee filed with certificate of organization.
    • Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers of administrator.
    • Section 5-17-8.1 Investigatory and enforcement powers of administrator, board, designee, etc.
    • Section 5-17-9 Fiscal year; meetings of members; amendment of bylaws.
    • Section 5-17-10 Election of board of directors, credit committee, and supervisory committee.
    • Section 5-17-11 Election of officers; duties of officers and directors; compensation; liability.
    • Section 5-17-12 Powers and duties of credit committee.
    • Section 5-17-13 Powers and duties of supervisory committee.
    • Section 5-17-14 Capital; lien on shares and deposits of members; entrance fee.
    • Section 5-17-15 Deposits for minor or trust beneficiaries; deposits in names of two persons.
    • Section 5-17-16 Disposition of shares or deposit account of deceased person.
    • Section 5-17-17 Loans to members, directors, officers, etc.
    • Section 5-17-18 Interest rates and finance charges on loans; late charge.
    • Section 5-17-19 Insurance and reserves.
    • Section 5-17-20 Dividends.
    • Section 5-17-21 Voluntary dissolution.
    • Section 5-17-22 Merger and conversion procedures.
    • Section 5-17-23 Change of place of business.
    • Section 5-17-24 Taxation.
    • Section 5-17-25 Alabama Credit Union League - Advance payment of dues by member credit unions.
    • Section 5-17-26 Alabama Credit Union League - Issuance of advance dues certificates to member credit unions.
    • Section 5-17-27 Alabama Credit Union League - Amortization of credit represented by advance dues certificate.
    • Section 5-17-28 Alabama Credit Union League - Redemption and purchase of advance dues certificate upon dissolution, etc., of member credit union.
    • Section 5-17-29 Penalties - Concealment of discounts or loans.
    • Section 5-17-30 Penalties - Overdraws; receipt of commission, emolument, etc., for procuring loans.
    • Section 5-17-31 Penalties - Receipt of property other than in payment for just demand.
    • Section 5-17-32 Penalties - False or omitted entries.
  • Article 2 Alabama Credit Union Administration.
    • Section 5-17-40 Alabama Credit Union Administration created; functions; transfer of authority previously vested in State Banking Department.
    • Section 5-17-41 Administrator - Appointment; vacancy; eligibility.
    • Section 5-17-42 Administrator - Oath; bond.
    • Section 5-17-43 Official seal; use of sealed papers as evidence; recording.
    • Section 5-17-44 Removal from office of administrator or board member.
    • Section 5-17-45 Legislative findings; powers of credit unions; agreements; reports.
    • Section 5-17-46 Policies, regulations, and interpretations; review for ratification; procedure for adopting, amending or repealing.
    • Section 5-17-47 Procedure for adopting, amending, or repealing regulations and interpretations; contesting regulations.
    • Section 5-17-48 Annual report; public distribution of report and other material.
    • Section 5-17-49 Violations to be submitted to grand jury.
    • Section 5-17-50 Employment and compensation of necessary personnel; assistant administrator.
    • Section 5-17-51 Immunity from personal liability.
    • Section 5-17-52 Oath and duties of examiner.
    • Section 5-17-53 Furnishing of commission to examiner; exhibit to credit union upon making examination.
    • Section 5-17-54 Bond of Alabama Credit Union Administration employees.
    • Section 5-17-55 Credit Union Board created; composition; appeals.
    • Section 5-17-56 Meetings; executive sessions; confidential information.
    • Section 5-17-57 Quorum.
    • Section 5-17-58 Compensation and expenses of board members.
    • Section 5-17-59 Applicability of Alabama Business Corporation Act.
    • Section 5-17-60 Confidentiality of conditions and affairs of credit unions; disclosures.